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You might try researching the "10% fractional reserve banking system" and find out how that affects fungibility, especially in lieu of the recent (last two decades) habit of not actually matching valuations proportionately to reserve capital. For a primer, read this webpage:http://market-ticker.org/archives/1487-Sound-Banking-A-Capitalist-Imperative.html
You might try researching the "10% fractional reserve banking system" and find out how that affects fungibility, especially in lieu of the recent (last two decades) habit of not actually matching valuations proportionately to reserve capital. For a primer, read this webpage:
http://market-ticker.org/archives/1487-Sound-Banking-A-Capitalist-Imperative.html
